Global Ship Repair and Maintenance Services Market to reach USD xx billion by 2027.Global Ship Repair and Maintenance Services Market is valued approximately USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx % over the forecast period 2021-2027Ship repair and maintenance basically includes all overhauls, ship conversions maintenance programmers, minor equipment, and major damage repairs. Repair work customers includes the commercial ship owners, navy and other marine structure owners.Rapid increase in seaborne trade pushes the growth of market .For Instance: as per the International Chamber of shipping,globally 90 % of the carriage of goods and raw materials is done by the international shipping industry. There are about 50,000 merchant ships trading globally, transporting the goods through every kind of cargo.
However, lack of marine export and high maintenance cost impedes the growth of the market over the forecast period of 2021-2027. Also, the rapidly increasing development of offloading vessels and floating production storage is likely to increase the market growth during the forecast period.
The regional analysis of global Ship Repair and Maintenance Services is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing industrial manufacturing industries and development of offloading vessels. Whereas Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2021-2027. Factors such as increasing seaborne trade, would create lucrative growth prospects for the ship repair and maintenance market in Asia-Pacific region.
Major market player included in this report are:
Damen Shipyards Group
Sembcorp Industries Ltd.
Cochin Shipyard Limited
China Shipbuilding Industry Corporation
Dae Sun Shipbuilding & Engineering Co. Ltd.
Hyundai Mipo Dockyard Co. Ltd.
Arab Shipbuilding and Repair Yard Company
Keppel Corporation Limited
United Shipbuilding Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vessel Type:
Oil and Chemical
By Service Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Ship Repair and Maintenance Services Market Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers